Hibernian have refused to sanction pay rises for midfield stars Kevin Thomson and Scott Brown.
Both players are highly coveted following some impressive performances at the Edinburgh side, and agent Wille McKay had been hoping to negotiate an improved salary for both of his clients despite them currently being held to long term deals.
However talks with Hibs chairman Rod Petrie have proved fruitless, as the SPL's fourth placed side are apparently unwilling to open the chequebook in order to secure the future of the star duo.
Thomson recently expressed his desire to extend his stay at Easter Road, but McKay has now revealed the club are not prepared to hand the two midfielders improved deals.
"I spoke with Mr Petrie and I'm afraid it's not good news," said McKay in the Daily Record.
"The boys want to stay and would have signed deals with Hibs for half of the money they could get elsewhere.
"We are not being unrealistic because Hibs could afford to make this offer if they wished.
"But Mr Petrie is not interested and that tells me a lot."
Old Firm rivals Rangers and Celtic have both been strongly linked with Brown and Thomson, whilst a number of clubs in England's Premiership have also been mentioned in conjunction with the pair.